The Latest

Progressives' push for a more drastic overhaul of the industry ignores post-crisis changes that have had an undeniably positive effect.

Ocwen Financial Corp. will pay $2 million to settle charges that it misstated its financial results in valuing complex mortgage assets, the Securities and Exchange Commission said this week.

The Federal Housing Finance Agency may face legislation or a lawsuit in the near future as it tries to force captive insurance companies to exit the Federal Home Loan Bank System.

Reeling from the loss of the Costco account and other setbacks in 2015, American Express is looking to the future the same way any investor might — banking on the diversification of its portfolio to slowly climb back.

Starbucks' new order ahead mobile feature is off to a fast start, handling more than six million transactions per month only three months after the feature's launch.

The future of retail isn't happening behind the counter; it's happening in the aisles, on mobile phones and at a much faster pace than even the Internet can accommodate. And all of these ideas were the subject of excitement and debate at the National Retail Federation's conference in New York.

Western Alliance Bancorp. in Phoenix reported higher fourth-quarter profit on higher commercial and construction lending and improved fee income.

SunTrust Banks in Atlanta reported higher quarterly profit because of lower expenses and growth in most loan categories.

It's amazing what can happen when you eliminate 'miscellaneous' from your vocabulary and force yourself to think about things differently.

A service that used to be a no-brainer for banks is now hampered by limited revenue and a hard-to-justify cost structure.